In the world of property development, feasibility is the cornerstone of success. It's not just about having a grand vision; it's about meticulously analyzing the numbers, understanding the market, and assessing the risks. Feasibility studies are like blueprints for success, helping developers determine whether a project is worth pursuing or if it's better to move on to the next opportunity.
In this two-part episode, our host, Moss, engages in an enlightening discussion with Cheryl, where they explore the concept of development feasibilities and how to effectively identify associated risks.
Profit on cost, cash on cash return, and internal rate of return are the holy trinity of development lingo. Achieving that magical 20% margin on cost is the ultimate goal, but it requires a keen eye for detail and a thorough examination of revenues and costs.
In the dynamic world of property, timing is everything. The longer a project takes, the lower the potential returns, so efficiency and smart decision-making are paramount. Developers must be agile, strategic, and quick on their feet.
Throughout the development journey, challenges are bound to arise. From dealing with councils and banks to managing consultants and builders, stress management and effective people skills are essential traits for developers to possess.
Successful property development is not just about bricks and mortar; it's about understanding the delicate dance between numbers, market demand, and quality. A combination of analytical thinking, creativity, and experience can turn a property into a lucrative investment.
Discover the keys to successful property development feasibilities in our captivating podcast episode! Learn about profit on cost, cash on cash return, and internal rate of return, and gain valuable insights to boost your property ventures.
Don't miss out on this essential discussion – listen to the full episode now!
Episode Highlights:
Resources:
You can also connect with us on https://www.linkedin.com/company/77080688. For more podcast episodes, subscribe to our Youtube Channel athttps://www.youtube.com/@moxinreza.
Keep smiling, be kind, and continue investing. Peace out!
See omnystudio.com/listener for privacy information.
See omnystudio.com/listener for privacy information.
Hosted on Acast. See acast.com/privacy for more information.
